Vantage E & W Limited - Period Ending 2024-12-31

Registration number: 11739140

Vantage E & W Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2024

Vantage E & W Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 11

Vantage E & W Limited

Company Information

Director

W H Mumford

Company secretary

E J Mumford

Registered office

1 Harrys Yard
The Green
Great Staughton
St Neots
Cambridgeshire
PE19 5DQ

Vantage E & W Limited

(Registration number: 11739140)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	32,512	13,422
Current assets
Stocks	5	614,504	739,969
Debtors	6	62,467	98,352
Cash at bank and in hand		16,097	93,270
		693,068	931,591
Creditors: Amounts falling due within one year	7	(1,316,512)	(1,449,825)
Net current liabilities		(623,444)	(518,234)
Total assets less current liabilities		(590,932)	(504,812)
Creditors: Amounts falling due after more than one year	7	(10,249)	(21,645)
Net liabilities		(601,181)	(526,457)
Capital and reserves
Called up share capital	8	100	100
Retained earnings		(601,281)	(526,557)
Shareholders' deficit		(601,181)	(526,457)

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 25 September 2025

Vantage E & W Limited

(Registration number: 11739140)
Balance Sheet as at 31 December 2024

.........................................
W H Mumford
Director

Vantage E & W Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
1 Harrys Yard
The Green
Great Staughton
St Neots
Cambridgeshire
PE19 5DQ

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Government grants

Government grants are recognised on an accruals basis.

Vantage E & W Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office equipment	25% on cost
Motor vehicles	25% on cost
Plant and equipment	25% on cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Vantage E & W Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 9 (2023 - 11).

Vantage E & W Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4	Tangible assets

Furniture, fittings and equipment
£

Motor vehicles
£

Other tangible assets
£

Total
£

Cost or valuation

At 1 January 2024

14,311

32,904

4,875

52,090

Additions

-

34,043

-

34,043

Disposals

-

(3,345)

-

(3,345)

At 31 December 2024

14,311

63,602

4,875

82,788

Depreciation

At 1 January 2024

14,311

19,482

4,875

38,668

Charge for the year

-

14,953

-

14,953

Eliminated on disposal

-

(3,345)

-

(3,345)

At 31 December 2024

14,311

31,090

4,875

50,276

Carrying amount

At 31 December 2024

-

32,512

-

32,512

At 31 December 2023

-

13,422

-

13,422

5

Stocks

2024
£

2023
£

Work in progress

73,820

87,231

Other inventories

540,684

652,738

614,504

739,969

The carrying amount of stocks pledged as security for liabilities amounted to £614,504 (2023 - £739,696).

6

Debtors

Current	2024 £	2023 £
Trade debtors	62,467	98,352
	62,467	98,352

The carrying amount of trade debtors pledged as security for liabilities amounted to £62,467 (2023 - £98,352).

Vantage E & W Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

7

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Loans and borrowings	9	10,000	10,000
Trade creditors		68,436	105,495
Amounts owed to group undertakings and undertakings in which the company has a participating interest	10	1,192,910	1,258,547
Taxation and social security		38,061	55,552
Accruals and deferred income		5,302	17,862
Other creditors		1,803	2,369
		1,316,512	1,449,825

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £10,000 (2023 - £10,000).

Creditors: amounts falling due after more than one year

	Note	2024 £	2023 £
Due after one year
Loans and borrowings	9	10,249	21,645

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £10,249 (2023 - £21,645).

Vantage E & W Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

8	Share capital

Allotted, called up and fully paid shares

	2024		2023
	No.	£	No.	£
Ordinary of £1 each	100	100	100	100

9	Loans and borrowings

Non-current loans and borrowings

	2024 £	2023 £

Bank borrowings	10,249	21,645

Current loans and borrowings

	2024 £	2023 £

Bank borrowings	10,000	10,000

10	Related party transactions

Summary of transactions with parent

The parent supplies goods and services to and receives services from the company.

Summary of transactions with all entities with joint control or significant interest

The company purchases from and supplies services to a fellow subsidiary and a company under commom control.

Vantage E & W Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Income and receivables from related parties

2024	Parent £	Entities with joint control or significant influence £
Sale of goods	60	-
Receipt of services	-	31,155
	60	31,155
Amounts receivable from related party	-	37,260

2023

Expenditure with and payables to related parties

2024	Parent £	Entities with joint control or significant influence £
Purchase of goods	2,675	-
Rendering of services	59,966	3,585
	62,641	3,585
Amounts payable to related party	-	1,518

2023	Parent £	Entities with joint control or significant influence £
Purchase of goods	14,233	-
Rendering of services	66,387	49,653
	80,620	49,653
Amounts payable to related party	15,604	16,920

Loans from related parties

2024	Parent £	Total £
At start of period	1,258,547	1,258,547
Repaid	(65,637)	(65,637)
At end of period	1,192,910	1,192,910

Vantage E & W Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

2023	Parent £	Total £
At start of period	1,259,594	1,259,594
Repaid	(1,047)	(1,047)
At end of period	1,258,547	1,258,547

Terms of loans from related parties

The sums advanced are interest free and repayable on demand.

11	Parent and ultimate parent undertaking

The company's immediate parent is A S Communications (UK) Limiited, incorporated in England and Wales.

The most senior parent entity producing publicly available financial statements is A S Communications (UK) Limited. These financial statements are available upon request from Companies House

The ultimate controlling party is W H Mumford.

	Furniture, fittings and equipment £	Motor vehicles £	Other tangible assets £	Total £
Cost or valuation
At 1 January 2024	14,311	32,904	4,875	52,090
Additions	-	34,043	-	34,043
Disposals	-	(3,345)	-	(3,345)
At 31 December 2024	14,311	63,602	4,875	82,788
Depreciation
At 1 January 2024	14,311	19,482	4,875	38,668
Charge for the year	-	14,953	-	14,953
Eliminated on disposal	-	(3,345)	-	(3,345)
At 31 December 2024	14,311	31,090	4,875	50,276
Carrying amount
At 31 December 2024	-	32,512	-	32,512
At 31 December 2023	-	13,422	-	13,422

	2024 £	2023 £
Work in progress	73,820	87,231
Other inventories	540,684	652,738
	614,504	739,969